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Auto Service - Gas-Conv

Circle K Sale-Leaseback

1307 Federal Dr, Montgomery, AL 36107

Listing Price: $5,158,000

Cap Rate
5.70%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$81.67

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS
Latest store prototype design
Large parcel size of ±1.52 acres
Flat topography with strong visibility
Multiple points of ingress and egress
Direct access to a signalized intersection
Large fueling station with 6 MPDs/12 hoses

OPTIMAL LEASE STRUCTURE
Rare 20-year base term
Four (4), 5-year renewal options
Inflation hedge with 1.5% rent escalations every year throughout entire lease
Triple Net (NNN) lease with NO landlord responsibilities
Tax advantages with accelerated & bonus depreciation due to fee simple ownership
See page 5 in OM for more details

LARGE FRANCHISEE & DOMINANT BRAND
Largest Alimentation Couche-Tard franchisee in US
Exclusive Circle K franchisee in Metro Atlanta
Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN)
26+ year operating history
HQ in Atlanta, GA
Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate)

MONTGOMERY, AL ADVANTAGE
Home to Alabama’s state capital
Gross Domestic Product of $20.2 M (2021)
Montgomery made Forbes list as the 8th best metropolitan city to buy a home in 2022
Major industries include education and defense
Home to Maxwell Air Force Base
Educational and technological center of the US Air Force
Average fiscal economic impact of ±$2.6 B annually
Mission critical military installation as home to Air University
17,000+ military, civil service, and contracted personnel & 34,000 students
Other Top Employers
Baptist Health: ±4,300 employees
Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees
Assembly plant for Sonata and Elantra sedans and Santa Fe SUV
HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy
ALFA Insurance Companies: ±2,500 employees

Investment Highlights

  • LATEST CIRCLE K PROTOTYPE
  • 20-YR ABS. NNN | BONUS DEPRECIATION
  • 200+ UNIT OPERATOR | ANNUAL RENT BUMPS

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Auto Service - Gas-Conv

Circle K Sale-Leaseback

Listing Price: $5,158,000

Cap Rate
5.70%
Tenant Name
Circle K
Guarantor
Franchisee Guarantee
Rentable SF
3,600
Lease Type
Absolute Net
Rent Per Square Feet
$81.67

Investment Highlights

  • LATEST CIRCLE K PROTOTYPE
  • 20-YR ABS. NNN | BONUS DEPRECIATION
  • 200+ UNIT OPERATOR | ANNUAL RENT BUMPS

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS Latest store prototype design Large parcel size of ±1.52 acres Flat topography with strong visibility Multiple points of ingress and egress Direct access to a signalized intersection Large fueling station with 6 MPDs/12 hoses OPTIMAL LEASE STRUCTURE Rare 20-year base term Four (4), 5-year renewal options Inflation hedge with 1.5% rent escalations every year throughout entire lease Triple Net (NNN) lease with NO landlord responsibilities Tax advantages with accelerated & bonus depreciation due to fee simple ownership See page 5 in OM for more details LARGE FRANCHISEE & DOMINANT BRAND Largest Alimentation Couche-Tard franchisee in US Exclusive Circle K franchisee in Metro Atlanta Expanding 200+ unit operator across 6 states (AL, AR, GA, LA, SC, TN) 26+ year operating history HQ in Atlanta, GA Alimentation Couche-Tard is an international brand with 15,000+ locations in 20 countries (corporate) MONTGOMERY, AL ADVANTAGE Home to Alabama’s state capital Gross Domestic Product of $20.2 M (2021) Montgomery made Forbes list as the 8th best metropolitan city to buy a home in 2022 Major industries include education and defense Home to Maxwell Air Force Base Educational and technological center of the US Air Force Average fiscal economic impact of ±$2.6 B annually Mission critical military installation as home to Air University 17,000+ military, civil service, and contracted personnel & 34,000 students Other Top Employers Baptist Health: ±4,300 employees Hyundai Motor Manufacturing Alabama, LLC: ±3,500 employees Assembly plant for Sonata and Elantra sedans and Santa Fe SUV HMMA and its suppliers have an annual economic impact of $4.82 B to the State of AL’s economy ALFA Insurance Companies: ±2,500 employees

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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